Bookstores have struggled over the past five years, with revenue projected to decline at an annualised 8.3% over the five years through 2014-15. Industry conditions have been affected by numerous challenges including lower book prices, tough competition from online retailers and external operators, and a shift in consumer reading habits from print books to e-books. The operating landscape for industry players has also been influenced by trends in real household discretionary income, consumer sentiment, the IT and telecommunications adoption rate and demand for online shopping. Industry revenue is projected to decline by 5.9% in 2014-15, to reach $2.0 billion.
Companies in this industry primarily retail books. They may also retail audio books, e-books and e-readers. This industry excludes online-only booksellers.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.